A city shedding its difficult past and looking towards the future
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Located just east of Toronto and forming a key part of Canada’s largest metropolitan area, Burlington is a fast-growing and dynamic city. Largely suburban in character, Burlington is both an important economic center in its own right as well as a popular place for people who work in Toronto to live. With an attractive waterfront, excellent homes and easy access to plenty of amenities, Burlington is a prime city to invest in if you’re looking to take advantage of the Greater Toronto Area’s incredible property boom.
Culture, History, and Business
While long inhabited by First Nations people, it wasn’t until after the War of 1812 that Burlington was first settled by Europeans. Its fertile soil made it a small, but productive farming community, and Burlington was the first place to grow peaches in Canada. While much of its agricultural land has now disappeared, a few orchards and nurseries still remain. After the Second World War, the opening of the Queen Elizabeth Way highway along with affordable electricity from Niagara Falls led to a population boom, with light industries moving to the area along with families looking for spacious homes and easy access to Toronto.
Today, Burlington—like the entire Greater Toronto Area of which it is a part—continues to grow at an impressive rate. The city is home to a number of manufacturers and light industries, particularly in food processing, motor vehicles, packaging and electronics. Burlington is also an important commuter community for people who work in other nearby cities, most notably Toronto and Hamilton.
Real Estate Appeal
Burlington’s real estate appeal comes from its location as part of the Greater Toronto Area, which has seen a phenomenal increase in property prices in recent years. As the economic engine of Canada, the Greater Toronto Area is attracting a large influx of newcomers, both from within Canada and abroad, and Burlington has been among the top recipients of that growth. Because prices are not as high in Burlington as they are in Toronto itself, it remains a market that is currently easier to get into but with plenty of room for growth.
Most of the housing stock consists of suburban homes, with some condos and apartment buildings available. Because property values have risen so quickly in the city, Burlington’s main appeal for real estate investors comes from buying and reselling properties. However, due to the presence of some of the country’s busiest highways, as well as the proximity of Canada’s busiest airport in nearby Mississauga, Burlington also has some potential for short-term rentals that appeal to overnight visitors.
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